All Forum Posts by: Ian Gilligan

Hey BP, 

An investor is willing to sell my partner and I a package of 6 homes. Would be buying pretty significantly under market value, with rents very under market. Once vacated, they'll all need to be turned, to varying degrees. I am trying to figure out how best to structure this deal so that we'll be out of pocket as little as possible, but also not have to come out of pocket a ton on each rehab as they become vacant. 

Maybe finance them, and have an equity partner provide down payment? Could we also have equity partner provide draws for the rehab? 

Also considering a big private loan, but as there's no telling how long before some of these will be vacant (they're all MTM but don't want to jack up rents so high that everyone leaves) so I don't want to be in private money for an indefinite period of time... 

I've never bought a package before and just need some insight regarding possible ways to structure. 

Really do appreciate your thoughts.
Best, Ian.

Hey all, 

I have a 425sqft add-on (was added on to the main house years ago; isn't reached by HVAC from main house) that I need a heating solution for. About to be occupied by a new tenant. There's already a window AC unit that functions great; I'd rather not lose that unit and install an expensive mini split... 

Any baseboard heating solutions or anything of the sort you can recommend? Need something more permanent than a plug in space heater or something like that. 

Really appreciate any thoughts.

Best (and Happy New Year!), 

Ian

@Rene Owczarski thanks Rene, they asked me for a letter from my employer saying I’m approved to work remote, which I am, and which I provided them. So it looks like that letter covered me on that front?

Hi all, 

I'm presently living in CA, considering buying in TX to work remote, and house hack. Only way I can make it work is if I put 5-10% down, which I know you can only do if it's your primary residence. Question is, if I get called back to the office/CA before year 1 of occupancy (which is highly likely) am I in danger of mortgage fraud? 

Thanks a million!

@Theresa Harris yes someone to do it. I’m also recovering from a broken hand so a little handicapped at present.

@Ian Gilligan p.s., I’m in the Valley.

Hey guys, 
Making the move out of state soon and need a handyman to come in and paint a wall, photo attached. I'd do it myself but am wildly crunched for time before the move. I'll have the paint/roller/brush ready. Thank you!

@Theresa Harris thx TH. I’m the roommate that wants to leave. Trying to run a house hack scenario out of state and need to get out of my lease.

@Ned Carey thx Ned, appreciate the response.

@Ian Gilligan p.s., I live in LA and am looking for insight specific to LA tenant/landlord lease agreements. Thanks!